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Bernanke: Fed can keep rates low

Central Banking staff

23 Sep 2003

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Federal Reserve Governor Ben Bernanke said on Monday 22 September that the U.S. can afford to keep interest rates low, mirroring the FOMC's recent statement. Even with faster economic growth inflation is unlikely to become a problem, he said, and tightening may not need to occur at the same speed as in the past.

Source: Reuters

The U.S. economy has picked up to a decent pace of growth but with inflation so low, the central bank can afford to keep interest rates down, Federal Reserve Governor Be